University of Virginia Library

ATTACHMENT C
UNIVERSITY OF VIRGINIA CLINCH VALLEY COLLEGE HOUSING SERIES 1984 D

erest start date: 05/01/84

First interest payment: 12/01/84

DEBT SERVICE SCHEDULE

                      

PERIOD ENDING	PRINCIPAL	ANNUAL RATE	INTEREST	TOTAL
1 06/01/85	10,000.00	12,250	52,192.29	62,192.29
2 06/01/86	10,000.00	12,250	46,952.50	56,952.50
3 06/01/87	10,000.00	12,250	45,727.50	55,727.50
4 06/01/88	10,000.00	12,250	44,502.50	54,502.50
5 06/01/89	15,000.00	12,250	43,277.50	58,277.50
6 06/01/90	15,000.00	12,250	41,440.00	56,440.00
7 06/01/91	20,000.00	12.250	39,602.50	59,602.50
8 06/01/92	20,000.00	8.000	37,152.50	57,152.50
9 06/01/93	20,000.00	8,250	35,552.50	55,552.50
10 06/01/94	25,000.00	8.500	33,902.50	58,902.50
11 06/01/95	25,000.00	8,600	31,777.50	56,777.50
12 06/01/96	25,000.00	8,800	29,627.50	54,627.50
13 06/01/97	25,000.00	9,000	27,427.50	52,427.50
14 06/01/98	30,000.00	9.100	25,177.50	55,177.50
15 06/01/99	30,000.00	9.200	22,447.50	52,447.50
16 06/01/00	40,000.00	9.250	19,687.50	59,687.50
17 06/01/01	40,000.00	9,250	15,987.50	55,987.50
18 06/01/02	45,000.00	9.250	12,287.50	57,287.50
19 06/01/03	50,000.00	9.250	8,125.00	58,125.00
20 06/01/04	50,000.00	7.000	3,500.00	53,500.00
TOTAL	515,000.00		616,347.29	1,131,347.29

AVERAGE ANNUAL PAYMENT OVER 15-YEAR PERIOD FROM 06/01/90 TO 06/01/04 IS S. 56,246.33

FEASIBILITY ANALYSIS TABLE I
10-May-88

REVENUE BOND PARAMETERS

         

TERMS OF INDENTURE	AMOUNT
PRINCIPAL AMOUNT OF BO	515.000
INTEREST RATE ON BOND	0.0850
NUMBER OF YEARS OF REPYMENT	15
FIRST YEAR OF REPAYMENT	1989
RESERVE REQUIREMENT PERCENT	0.0000
RESERVE PAYMENT AMOUNT	0
ANNUAL PRINCIPAL AND INTEREST PAYMENT	62.017
TOTAL ANNUAL PAYMENT	62.017

FEASIBILITY ANALYSIS TABLE II
10-May-88

RESERVE FUND TRANSACTIONS

                               

YEAR	EST MAINT EXP	DEDUCTIONS	ADDITIONS	NET CHANGE
1989	0	0	0	0
1990	0	0	0	0
1991	0	0	0	0
1992	0	0	0	0
1993	0	0	0	0
1994	0	0	0	0
1995	0	0	0	0
1996	0	0	0	0
1997	0	0	0	0
1998	0	0	0	0
1999	0	0	0	0
2000	0	0	0	0
2001	0	0	0	0
2002	0	0	0	0
2003	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0
0	0	0	0	0

FEASIBILITY ANALYSIS TABLE III
10-May-88

REPAYMENT SCHEDULE: INTEREST= 0.0850 REINVESTMENT RATE= 0.0000

                                

YEAR	RESERVE FUND PAYMENT	INTEREST PAID	PRINCIPAL PAID	TOTAL DEBT SERVICE	PRINCIPAL BALANCE	RESERVE FUND BALANCE
1989	0	43.775	18.242	62.017	496.758	0
1990	0	42.224	19.792	62.017	176.966	0
1991	0	40.542	21.474	62.017	455.492	0
1992	0	38.717	23.300	62.017	432.192	0
1993	0	36,736	25,280	62,017	406.912	0
1994	0	34.588	27.429	62.017	379.483	0
1995	0	32,256	29,760	62.017	349.723	0
1996	0	29.726	32.290	62.017	317,432	0
1997	0	26.982	35.035	62.017	282.398	0
1998	0	24.004	38.013	62.017	244.385	0
1999	0	20.773	41.244	62.017	203.141	0
2000	0	17.207	44.750	62.017	158.392	0
2001	0	13.463	48.553	62.017	109,338	0
2002	0	9,336	52.680	62.017	57.158	0
2003	0	4,359	57.158	62,017	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	0	0	0	0	0
	0	415.248	515.000	930.248

FEASIBILITY ANALYSIS TABLE IV
10-May-88

NON RECURRING INITIAL OUTLAYS
NOT FINANCED NITR BOND PROCEES

        

ITEM	1989	1990
PERSONAL SERVICES	0	0
A/E SERVICES	0	0
SITE DEVELOPMENT	0	0
INTERIM FINANCE CHARGE	0	0
EQUIPMENT	0	0
OTHER	0	0
TOTAL	0	0

INCREMENTAL ANNUAL OPERATING EXPENSES

        

	1989	1990	1991	1992
PERSONAL SERVICES	7,800	7.800	7.800	7.800
CONTRACTUAL SERVICES	4,500	4,500	4,500	4.500
SUPPLIES AND MATERIALS	3.000	3.000	3.000	3.000
INDIRECT COSTS	720	720	720	720
UTILITIES	2.380	2.380	2.380	2.380
EQUIPMENT	1.000	1.000	1.000	1.000
TOTAL	19.900	19.900	19.900	19.900

FEASIBILITY ANALYSIS TABLE V
10-May-88

INCREASED INCREMENTAL OPERATING COSTS AND
AND NON-RECURRING INITIAL OUTLAYS

    

	YEARS 1-4	YEARS 5+
ASSUMED GROWTH RATE:
PERSONAL SERVICES	0.0000	0.0000
OTHER OBJECTS	0.0000	0.0000

                                

YEAR	PERSONAL SERVICES	OTHER OBJECTS	TOTAL
1989	7,800	12.100	19.900
1990	7,800	12,100	19.900
1991	7,800	12,100	19.900
1992	7,800	12.100	19.900
1993	7,800	12.100	19.900
1994	7,800	12,100	19.900
1995	7,800	12,100	19.900
1996	7,800	12,100	19.900
1997	7,800	12,100	19.900
1998	7,800	12.100	19,900
1999	7,800	12,100	19,900
2000	7,800	12,100	19,900
2001	7,800	12,100	19.900
2002	7,800	12,100	19.900
2003	7,800	12,100	19.900
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	0	0	0
	117.000	181.500	298,500

FEASIBILITY ANALYSIS TABLE VI
10-May-88

CONSOLIDATED STATEMENT OF PROJECT COSTS

                                

YEAR	PERSONAL SERVICES	OTHER OBJECTS	RESERVE FUND PAYMENT	INTEREST PAID	PRINCIPAL PAID	TOTAL PROJECT COSTS	RESERVE FUND BALANCE
1989	7,800	12.100	0	43.775	18.242	81.917	0
1990	7,800	12.100	0	42,224	19.792	81.917	0
1991	7,800	12.100	0	40.542	21.474	81.917	0
1992	7,800	12.100	0	38.717	23.300	81.917	0
1993	7,800	12.100	0	36.736	25.280	81.917	0
1994	7,800	12.100	0	34.588	27.428	81.917	0
1995	7,800	12,100	0	32.256	29,760	81.917	0
1996	7,800	12.100	0	29.726	32.290	81.917	0
1997	7,800	12.100	0	26.982	35.035	81.917	0
1998	7,800	12.100	0	24.004	38.013	81.917	0
1999	7,800	12.100	0	20.773	41.244	81.917	0
2000	7,800	12.100	0	17.267	44.750	81.917	0
2001	7,800	12.100	0	13.463	48.553	81.917	0
2002	7,800	12.100	0	9.336	52.680	81,917	0
2003	7,800	12.100	0	4.858	57.158	81.917	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
0	0	0	0	0	0	0	0
	117.000	181.500	0	415.248	515.000	1,223.748

FEASIBILITY ANALYSIS TABLE VII
10-May-88

PRESENT VALUE OF PROJECT COSTS

        

COST COMPONENTS	AMOUNT
PERSONAL SERVICES	64.773
OTHER OBJECTS	100.481
RESERVE FUND PAYMENTS	0
INTEREST PAID	262.813
PRINCIPAL PAID	252.187
PRESENT VALUE OF PROJECT COSTS	680.254
DISCOUNT RATE	0.0850

FEASIBILITY ANALYSIS TABLE VIII
10-May-88

           

USER FEE - DORM	AMOUNT
REGULAR SESSION
1) BER OF BEDS	44
2) REGULAR SESSION FEE (AVERAGE IF NECESSARY)	1.260
3) OCCUPANCY RATE	0.98
SUMMER SESSION
1) NUMBER OF BEDS	44
2) SUMMER SESSION FEE	450
(AVERAGE IF NECESSARY)
3) OCCUPANCY RATE	0.70
TOTAL ANNUAL REVENUE FROM THIS SOURCE	68.191

         

DORM USER PARANETERS	AMOUNT
1) RATE AT WHICH FEES WILL GROW IN YEARS 1-4	0.0000
2) RATE AT WHICH FEES WILL GROW IN YEARS 5	0.0000
3) CURRENT REGULAR SESSION RATE	1.260
4) CURRENT SUMMER SESSION RATE	450
5) TOTAL NO. OF BEDS BEFORE PROJECT	84
6) TOTAL NUMBER OF BEDS AFTER PROJECT	123
7) WILL OTHER BOR "SYSTEM" USERS CONTRIBUTE REVENUE TO THIS PROJECT?	YES
(NO=0 YES=1)

FEASIBILITY ANALYSIS TABLE IX
10-May-88

S ONLY INCREMENTAL INCREASES RELATED TO THIS PROJECT

          

DORM "SYSTEM" CONTRIBUTION	AMOUNT
REGULAR SESSION
1) NUMBER OF BEDS	384
2) REGULAR SESSION FEE INCREASE (AVERAGE IF NECESSARY)	0
3) OCCUPANCY RATE	0.98
SUMMER SESSION
1) NUMBER OF BEDS	384
2) SUMMER SESSION FEE INCREASE (AVERAGE IF NECESSARY)	0
3) OCCUPANCY RATE	0.70
TOTAL ANNUAL REVENUE FROM THIS SOURCE	0

     

DORM SYSTEM PARANETERS	AMOUNT
1) RATE AT WHICH FEES WILL GROW IN YEARS 1-4	0.0000
2) RATE AT WHICH FEES WILL GROW IN YEARS	0.0000
3) CURRENT REGULAR SESSION RATE	1.185
4) CURRENT SUMMER SESSION RATE	425

FEASIBILITY ANALYSIS TABLE III
10-May-88

              

	EROLLMENT PROJECTIONS - FTES
	REGULAR SESSION	SUMMER SESSION
YEAR	FULL	PART	FULL	PART	TOTAL DOLLAR CONTRIBUTION
(RATE)	0.00	0.00	0.00	0.00
1989	1.015	399	80	425	30
1990	1.015	399	80	425	30
1991	1.015	399	80	425	30
1992	1.015	399	80	425	30
1993	1.015	399	80	425	30
1994	1.015	399	80	425	30
1995	1.015	399	80	425	30
1996	1.015	399	80	425	30
1997	1.015	399	80	425	30
1998	1.015	399	80	425	30

FEASIBILITY ANALYSIS TABLE XVII
10-May-88

       

OTHER SOURCES
PLEASE SPECIFY YEAR IN WHICH FUNDS BECOME AVAILABLE A AMOUNT OF FUNDS. IF REVENE STREA ENS DURING LIFE OF THE PROJECT. ENTER A NEGATIVE NUMBER IN THE APPROPRIATE YEAR. KEY NUMBER TO DESCRIPTION IN PROJECT WRITE-.
	YEAR	AMOUNT
1-FIRST FUNDS AVAILABLE	19	186.397
2-SECOND FUNDS AVAILABLE	0	0
3-THIRD FUNDS AVAILABLE	0	0
4-FOURTH FUNDS AVAILABLE	0	0

FEASIBILITY ANALYSIS TABLE XVIII
10-May-88

CONSOLIDATED STATEMENT OF PROJECT REVENUES

                                

YEAR	USER FEES	SEERAL STUDENT FEES	RECOVERIES	REVENUE FROM OPERATIONS	INSTITU-TIONAL RESERVES	RETIREMENT OF EXISTING DEBT	OTHER	TOTAL
1989	68.191	0	0	0	0	0	186.397	254.588
1990	68.191	0	0	0	0	0	186.397	254.588
1991	68.191	0	0	0	0	0	186.397	254.588
1992	68.191	0	0	0	0	0	186.397	254.588
1993	68.191	0	0	0	0	0	186.397	254.588
1994	68.191	0	0	0	0	0	186.397	254.588
1995	68.191	0	0	0	0	0	186.397	254.588
1996	68.191	0	0	0	0	0	186.397	254.588
1997	68.191	0	0	0	0	0	186.397	254.588
1998	68.191	0	0	0	0	0	186.397	254.588
1999	68.191	0	0	0	0	0	186.397	254.588
2000	68.191	0	0	0	0	0	186.397	254.588
2001	68.191	0	0	0	0	0	186.397	254.588
2002	68.191	0	0	0	0	0	186.397	254.588
2003	68.191	0	0	0	0	0	186.397	254.588
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0
1.022.868	0	0	0	0	0	2.795.955	.818.323

FEASIBILITY ANALYSIS TABLE XIX
10-May-88

          

REVENUE SOURCES	AMOUNT
1) USER FEES	566.276
2) GENERAL STUDENT FEES	0
3) RECOVERIES	0
4) REVENUE FROM OPERATIONS	0
5) INSTITUTIONAL RESERVES	0
6) RETIREMENT OF EXISTING DEBT	0
7) OTHER	1.547.885
PRESENT VALUE OF PROJECT REVENUE CASH FLOWS	2.114.161
DISCOUNT RATE	0.0850

FEASIBILITY ANALYSIS TABLE XX
10-May-88

CONSOLIDATE STATEMENT OF PROJECT
NET REVENUES

                                

YEAR	[2] TOTAL PROJECT COSTS	TOTAL PROJECT REVENUE	NET PROJECT REVENUE	COVERAGE PERCENT
1989	81.917	254.588	172,672	310.791
1990	81.917	254.588	172.672	310.791
1991	81.917	254.588	172.672	310.791
1992	81.917	254.588	172.672	310.791
1993	81.917	254.588	172.672	310.791
1994	81.917	254.588	172.672	310.791
1995	81.917	254.588	172.672	310.791
1996	81.917	254.588	172.672	310.791
1997	81.917	254.588	172.672	310.791
1998	81.917	254.588	172.672	310.791
1999	81.917	254.588	172.672	310.791
2000	81.917	254.588	172.672	310.791
2001	81.917	254.588	172.672	310.791
2002	81.917	254.588	172.672	310.791
2003	81.917	254.588	172.672	310.791
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
0	0	0	(0)	0.001
	1.228.748	3.318.823	2.590.075